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...refusing to take any of it. The stainless-steel vats in Charles' shed are filled with tens of thousands of liters of Cabernet Sauvignon and Merlot from last year's harvest that he's now frantic to sell at any price to make room for this year's crop. Charles, 58, stands in his courtyard, surrounded by clucking hens, and struggles for words to describe his predicament. "It's never happened before," he says, gripping a wrench. "This year's a complete catastrophe." The contrasting fortunes of both men are two sides of the same story: a long-awaited...

Author: /time Magazine | Title: Too Much Of A Good Thing | 10/19/2006 | See Source »

...this year, for the first time, the merchant won't touch the stuff. Stainless-steel vats are filled with thousands of gallons of Cabernet Sauvignon and Merlot from last year's harvest that Charles is frantic to sell at any price to make room for this year's crop. Charles, 58, stands in his courtyard, surrounded by clucking hens, and struggles for words to describe his predicament. "It's never happened before," he says, gripping a wrench. "This year's a complete catastrophe...

Author: /time Magazine | Title: The Big Spill | 10/16/2006 | See Source »

...highest level in 20 years, almost 300 million hectoliters, or 15% more than the previous year. The glut is hurting producers everywhere, particularly in Australia, which has surplus wine stocks that exceed a year's worth of exports. Many grape growers there simply let this year's crop rot on the vine rather than harvest...

Author: /time Magazine | Title: The Big Spill | 10/16/2006 | See Source »

...million, a figure a MySpace founder who no longer had control of the company recently called "one of the largest merger-and-acquisition scandals in U.S. history." MySpace might be worth more than $3 billion today. YouTube gained first-mover advantage with its video-sharing service. But the latest crop of Web 2.0 outfits employs varying strategies to cut past the crowd...

Author: /time Magazine | Title: The Next YouTubes | 10/15/2006 | See Source »

...success that American shows are experiencing internationally is an outgrowth of the fierce competition for audiences at home. As networks have competed for a shrinking piece of the viewer pie, executives have pushed writers and producers to think more imaginatively and outside the box. The result is a bumper crop of one-hour dramas, such as Lost and 24. "This is the golden age of American television," says Newman...

Author: /time Magazine | Title: Media: The American Way | 10/15/2006 | See Source »

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